Share capital and share premium
As at December 31, 2023, the Company's share capital is divided into 121,637,681 shares, each with a par value of \u20ac0.01.
The Company's share capital is divided in the following classes as of December 31:
Class A2 preferred shares
Class A3 preferred shares
The below table shows the variations in number of shares for the years 2023 and 2022:
At January 1 \u2013 Restated
Ordinary shares issued from the PIPE
Ordinary shares issued from the merger
Class B preferred shares cancelled from the redemption
Ordinary shares issued from the vesting of free shares
Ordinary shares issued from the exercise of warrants
At December 31 \u2013 Not restated/Restated
On July 5, 2022, 96,440,617 (36,429,486, after restatement
of the share capital as of January 1, 2022) new ordinary shares
were issued as consideration of net assets transferred by
Deezer S.A. merged with and into I2PO S.A.
On the same day, the Company's share capital was increased
by a total par value amount of \u20ac119 thousand, through the
issuance, at a price per share of \u20ac10 (share premium included),
of 11,900,000 new ordinary shares with a par value of
\u20ac0.01each. In the context of the PIPE reserved to existing and
new investors, the Company received a total amount of
(share premium included). \u20ac13,7 million fees in
relation to the PIPE were recognized as a reduction of equity
On July 21, 2022, the Board of Directors decided to grant
On August 3, 2022, the Directeur G\u00e9n\u00e9ral decided to proceed
with the redemption of the 25,133,181 class B preferred shares
whose redemption was requested by the dissenting market
shareholders for an amount of \u20ac251,3 million, which was
recognized as current financial liabilities as at June 30, 2022.
The share capital was reduced as a result of the cancellation
of the 25,133,181 redeemed class B preferred shares.
On September 21, 2022, the Board of Directors of the
Company acknowledged that, following the exercise of
679,245 equity warrants held by one of its commercial
partners and giving rise to 679,245 shares of Deezer S.A., the
Company's share capital was increased by a total par value
amount of \u20ac20 thousand, through the issuance of 1,998,338
new ordinary shares with a par value of \u20ac0.01each. In the
context of this exercise, the Company received from this
commercial partner a total amount of to \u20ac7 thousand and
deducted \u20ac13 thousand from the merger premium to ensure
that the 1,998,338 new ordinary shares be fully paid up.
On the same date, the Board of Directors of the Company
acknowledged the share capital increase completed through
the issuance of 71,055 new ordinary shares as a result of the
acquisition on July 21, 2022 of free shares granted to certain
On October 27, 2022, the Board of Directors decided to grant
On December 13, 2022, the Board of Directors of the
Company acknowledged that, following the exercise of
488,050 equity warrants held by one of its commercial
partners and giving rise to 488,050 shares of Deezer S.A., the
Company's share capital was increased by a total par value
amount of \u20ac14 thousand, through the issuance of 1,435,843
new ordinary shares with a par value of \u20ac0.01each. In the
context of this exercise, the Company received from this
commercial partner a total amount of to \u20ac14 thousand.
During 2023, the Company issued the following 549,578
ordinary shares as a result of the acquisition of free shares
granted to certain officers or employees of the Group:
on February 24, 2023: 99,807 new ordinary shares;
on March 23, 2023: 61,993 new ordinary shares;
on April 5, 2023: 387,778 new ordinary shares.
During 2023, the Company also issued 433 new ordinary
shares as a result of the exercise of 1,299 BSAR B.
No dividends were proposed or paid in 2022 or 2023.
Each ordinary share carries the right to participate in, and vote
at, general meetings. Class A2 and A3 preferred shares do not
carry the right to vote at general meetings.